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The lure of a new shiny mobile phone is very effective at keeping many people overpaying mobile phone companies. In most cases, customers upgrade to a new handset because they want to have the latest iPhone or Samsung handset. This is more to do with ‘keeping up with the Joneses’ rather than any new technical need. I have discussed this with friends and colleagues and have asked them the question, ‘What is it that your new phone can do that your current phone can’t?’ Most are stumped and cannot think of anything.
Rather than upgrading your phone for the sake of it when your contract runs out, why not consider a sim only mobile phone deal ? This means that you keep your existing phone and pay only for the text, call and data allowance that you select.
How to Select a Sim Only Deal
The process I went through to achieve this saving started with me calling my existing mobile phone company and asking them to review my recent call, text and data usage over the last 3 to 4 months. This only took a few minutes, once I’ d reviewed my actual usage it was clear that the most appropriate sim card only deal would cost me around £15 per month.
Please note, most of my work is online and because of that I probably need more data than you. It is likely that you will be able to follow the same process that I did and find an appropriate Sim conly deal for around £10 per month; there are even some available for £5 per month. When I switched to a sim only deal, I started saving £40 per month which equates to £480 per year. You can start searching for sim card only deals here via this link.
The money that you save could go towards paying off a debt or into one of one of your savings accounts. That choice is up to to you.
If you have enjoyed this post you will also like the following posts:
What’s the Best Strategy for Clearing Debts?
What are the Different Types of Savings Accounts?
My aim with each blog post is to help you move to a better financial future. I believe that financial education is largely absent from the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only. This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010.
I hope you have found this information useful. Thank you for reading.
Best regards,
Mike
Image credit: http://www.smarttouchpro.com/
